Phoenix also receives a second-round pick in next year's draft in exchange for a second-round pick, the Grizzlies announced in a release Friday.

The 6-foot-4, 204 pound Daniels averaged 8.2 points and 1.5 rebounds in 67 games with Memphis last season. Over his four-year NBA career, the former VCU player has averaged 6.2 points and 1.2 rebounds in 162 games with Houston, Minnesota, Charlotte and the Grizzlies.